Light aircraft firm e-Go has made all its staff redundant as it continues to look for a new owner.

As reported in the News, the company has been put up for sale after a third funding round failed to raise the cash need to take it forward. And an update from the company said that though there has been interest from the UK and abroad, a deal hasn't been struck.

“The board made the very difficult decision to make all staff positions redundant," the statement said.

“The board believed that the way forward was to secure a buyer for the company and a sales memorandum was issued to a number of potential parties.

“All personnel, including the CEO, formally left the company on September 22 with e-Go aeroplanes remaining in the capable hands of the chief operating officer, Richard Clabon and the general manager David Boughey. Their brief is to care-take the business until such time as a buyer can be found or the board decide to put the company into liquidation."

It is a sad turn of events for e-Go, which was awarded the team bronze medal by the Royal Aeronautical Society earlier this year, and delivered its first production aircraft, G-OEGO to new owner William Burnett in June.